International Private Wealth Advisors LLC Purchases 136 Shares of McCormick & Company, Incorporated (NYSE:MKC)

International Private Wealth Advisors LLC lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,626 shares of the company’s stock after buying an additional 136 shares during the period. International Private Wealth Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Elevate Capital Advisors LLC purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $1,240,000. Savant Capital LLC grew its position in McCormick & Company, Incorporated by 3.7% during the fourth quarter. Savant Capital LLC now owns 19,137 shares of the company’s stock valued at $1,459,000 after buying an additional 679 shares during the period. Legacy Financial Strategies LLC increased its holdings in McCormick & Company, Incorporated by 2.4% during the fourth quarter. Legacy Financial Strategies LLC now owns 37,951 shares of the company’s stock valued at $2,880,000 after buying an additional 890 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in McCormick & Company, Incorporated by 17.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 14,215 shares of the company’s stock worth $1,084,000 after acquiring an additional 2,150 shares during the period. Finally, Howland Capital Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 0.4% during the 4th quarter. Howland Capital Management LLC now owns 302,174 shares of the company’s stock worth $23,174,000 after acquiring an additional 1,093 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MKC. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. Barclays reduced their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research report on Friday, January 24th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

McCormick & Company, Incorporated Stock Down 2.2 %

NYSE MKC opened at $76.65 on Tuesday. McCormick & Company, Incorporated has a 12 month low of $64.33 and a 12 month high of $85.49. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The stock has a market cap of $20.55 billion, a PE ratio of 26.16, a P/E/G ratio of 3.67 and a beta of 0.75. The stock’s 50 day moving average is $76.70 and its 200 day moving average is $78.38.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. Research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 30th were given a $0.45 dividend. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Monday, December 30th. McCormick & Company, Incorporated’s payout ratio is currently 61.43%.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.